The latest delay in Japan’s grand plans include postponing the 2020 Tokyo Olympics one year due to the coronavirus. The officially rescheduled date is now July 23, 2021.

Japan’s New Gamble

After Japan dropped the IR casino ball numerous times, it is now gambling on the future of hosting the 2020 Olympics in Tokyo. Bureaucratic bungles and blatant bribery scandals have stalled Japan’s casino plans, and now the coronavirus threatens their best laid plans again.

Hosting the Olympics brings billions in revenue to any city lucky enough to attract the honor. Japan has already invested over $12 billion organizing the Tokyo Olympics, a figure which is bound to increase during the delay. But it is clear that Japan is still going through the motions after the Olympic torch passed from Greece to Tokyo recently.

Officials lighted the torch bowl; unfortunately, there were no crowds on site to fan the flame.

Light at the End of the Tunnel?

Even though the coronavirus has put the kibosh on large gatherings around the world, Japanese officials still proceeded with the torch lighting ceremony. They are hoping the symbolic flame will symbolize the proverbial light at the end of the long viral tunnel.

Marketing directors at the International Olympic Committee are already seeing an opportunity in the delay. Let the spin begin.

According to former IOC marketing director Michael Payne, “What better platform is there going to be than the Olympic Games when the world has pulled through the virus,” he asked. “You’ve got a dynamic that will be even more powerful for Japan and the rest of the world. But you are going to have a tough road getting there.”

This is the first time the Olympic Games have been postponed outside of wartime. The Olympics were canceled in 1916 due to World War I and in 1940 and 1944 due to World War II.

Still, there’s hope.

“The leaders agreed that the Olympic Games in Tokyo could stand as a beacon of hope to the world during these troubled times and that the Olympic flame could become the light at the end of the tunnel in which the world finds itself at present,” the IOC added. “Therefore, it was agreed that the Olympic flame will stay in Japan.”


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Thomas McCoy was born in Bethesda, Maryland and studied finance at the Kogod School of Business at American University in Washington D.C. before heading to New York and a job as a forex trader on Wall Street. Successful enough to launch his own, online forex trading platform, Thomas has long had a keen interest in the places where the worlds of finance and technology meet. As a prolific blogger, Thomas considers himself an expert on cryptocurrencies, casino asset restructuring, and emerging technologies set to change the way people do business.